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hopes for a big deal to reduce the deficit and raise the debt ceiling. he also said what is on everybody's mind. >> we are running out of time. >> reporter: on that, republicans and democrats agree. >> there is no more road left to kick the can down the road. if we don't act in a timely way, bond markets will pistol whip us into doing what needs to be done. >> white house defines "timely" as a week from now. so wide are the differences after five straight days of talks that mr. obama sent the two sides to neutral corners to look where they might find common ground. >> you need over the next 24 to 36 hours to give me some sense of what your plan is to get the debt ceiling raised. through whatever mechmisms they can think about. >> reporter: the presidentthed come up with a plan to cut the deficit to reassure the market. with the world's three main credit agencies reviewing american's rating the downgrade would mean higher mortgage interest rate and higher loan on auto loan and credit card. >> which would be a tax increase on everybody. >> reporter: mr. obama said he put cut in social secu
ceiling extension. in other words no big deal. he's made a lot of demands here. i think the people in congress are willing to say we work together on a lot of things. let's work this out. and even maybe, if it ends up being a two-step process rather than all at once. >> and how does he save face if that happens? he doesn't want to say i lost public they got everything they wanted? >> we'll try to help him find a way to get off of the limb he's out on if that is what it takes. we've got to save money, not spending so much. extending the debt ceiling so our credit worthyness does not fall into question f you can't do it at once, then let's take it and bite-sized pieces where we can get the job done. this may take longer. >> thank you. >> thank you. >> and now the topic of the white house, what is going on behind the scenes there? is politics in the equation? sam, how is the white house doing in this? >> doing just slightly better than gone kon gres, not good at all. we know washington is broken for years, we're seeing duct tape and coat hangers holding it together are coming off, too
," washington. >> tom: if richard cordray is confirmed, part of his job will be checking the books of big banks. we'll get a better idea of how they're doing in the coming days when many report quarterly earnings. by the end of this week, 40% of financial firms in the s&p 500 will have reported their numbers. as a group, the results are expected to be downright awful. erika miller reports. >> reporter: banks are the heartbeat of the economy, so their health is often used as a barometer of the recovery-- and the stock market. unfortunately for investors, bank analyst jim sinegal sees plenty of uncertainties ahead. >> in addition to macroeconomic uncertainties, with unemployment high, with g.d.p. growth slow, will the banks be able to add new loans? that's number one. number two is the regulatory uncertainty. we are still not sure where capital levels are going to fall out, and how that's going to affect profitability. >> reporter: as for profitability, diversified financials are expected to be the worst performer this earnings season-- down 94%. this is the group that includes bank of america, j
the hacking happened. it is a big acts, but i do not think it solves the real issue and news international. >> i am satisfied that rebecca -- her leadership in the business and her standard of ethics, her standard of conduct throughout her career are very good. >> with big consumer company after big consumer company pulling their advertising from quoted news of the world," the commercial future -- from "news of the world," the commercial future was looking bleak. >> it is going to be investigated. there must be a full judicial inquiry. >> here is the other newspaper jewel acquired by rupert murdoch in 1969," the sun." could there be a sunday without a murdoch tabloid? unthinkable, surely. >> despite today's announcement, the fallout from the scandal seems to be far from over. scotland yard say they have identified 4000 possible hacking victims. an inquiry will start into possible wrongdoing by police officers. we have the latest on that part of the case. >> this famous newspaper titles may have been confined to history, but the scrutiny of its methods goes on. britain's most senior policem
the cynicism and show the american people we can still do big things." so he will make the case to congressional leaders that we must reject politics of least resistance and take on this critical challenge. joining us now is the senate's top republican, who will be a key participant at today's talks. senator mitch mcconnell. welcome back to "fox news sunday." >> glad to be here. >> bret: let's start with what happened and from your perspective, where do things stand now ahead of the meeting tonight at the white house? >> unfortunately, as the speaker said, the white house and congressional democrats are insisting on big tax increases as a condition to do anything on the spending side. bret, we believe the president is right back in december -- was right in december when he signed the two-year extension of the current tax rates that raising taxes in the middle of the economic situation we're in is a terrible idea. just look at the unemployment figures last friday. all the arguments the president used in december still work today there is an additional issue other than unemploymen
the table. >> to get a big package would require a big tax increase in the middle of the economic situation that's extraordinarily difficult with 9.2% unemployment. it's a terrible idea. it's a job-killer. >> reporter: on sin's "meet the press," treasury secretary tim geithner said failing to reach a deal would be catastrophic. >> we need to do something substantial to bring our long term deficit down over time. >> reporter: the stakes high as the two sides try again today. so, the president will be answering questions at a press conference scheduled for 11 a.m. eastern time this morning. he'll then meet with congressional leaders this afternoon. he's asked republicans to bring specifics for their plan. >> thanks so much. a reminder for you, we'll have live coverage of the president's news conference beginning at 11 a.m. eastern time right here on msnbc. the place for politics. >>> officials at nasa are closely monitoring a piece of so-called space junk, which is on a potential collision course with the space shuttle "atlantis" and the international space station. nasa estimates that the ob
's to resume their position because there's an answer to the big question. >> lilia luciano on verdict watch for us in orlando. thank you so much. >>> i want to bring in our legal panel to talk about deliberations and which side did a better job of proving its case. we have diane dimond and former prosecutor wendy murphy on the right side of your screen. thanks to both of you for joining us today. >> sure. >> before we get started, i want to play a bite from defense lawyer jose baez who on monday raised the issue of reasonable doubt, telling the jury they have it. take a listen. >> these are the facts that you have heard. and these are the facts that prove beyond a reasonable doubt that casey anthony is guilty of murder in the first degree. reasonable doubt lives here. it's throughout the case. it's right here. it's with these individuals. it's with those individuals. it's everywhere. you can't trust this evidence. you can't. >> all right. so we started with the prosecutor first. wendy, let me start with you. did the prosecution remove any reasonable doubt? many say that jose baez may have a
without crafting the big grand compromise the president and congressionaleaders need to negotiate to raise that limit. they're demanding 2 trillion in spending cut bees made to give the president the increase he wants and the democrats any deal to cut spending has to increed an increase in tax revenue. the big question, going into tonight's meeting is whether a smaller deficit reduction deal is possible. both sides are saying it can be done. failure to do it w wld lead to economic meltdown. >> john, thank you very much. joining me to discuss the road ahead is the white house chief of staff bill ley. thank you very much for joining us. you've heard what jon said. you've seen what speaker boehner did. what's your relakes to the deal nono >> it's very unfortunate the speaker made the comments he has. the president is committed to solving this deficit possible for the future of america. he's looking forward to the meeting to play out his case. he's saying, it is time now to make the tough decisions. in this town, generally they kick the can. nobody wants to do the tough things. he's committed
not be willing or able to, seemingly, take on big tasks. >> that happened all this week. kristin is live at the white house. a lot of talk. we're one day closer to that deadline. what can we expect to hear from the president in the next hour? >> hi there, richard. we expect the president to continue to push to get a big deal. what's a big deal? about $4 trillion in deaf sigz reductions over the next decade. at the end of last week, it looked like he and speaker boehner were moving towards the same page in terms of trying to get a big deal. that fell apart over the weekend. so we expect the president to resume calls for a big deal to say now is the time to seize the moment. there will be political pain on both sides. what he means by that is the democrats will have to come to the table over entitlements, making small changes to things like social security and medicare and the republicans will need to come to the table in terms of rolling back tax break for wealthy corporations and americans. as you said, richard, he's going to hammer this point that they will continue to work until they g
today? >> this wouldn't be the big deal if this is the only day, but this is day after day the spring into the summer. then let's pile on a top of humidity. that gets to the people and aggravates everyone. this is where the center of the heat is. right over the top of the eastern half of the country with the exception not being up in the great lakes. this is already the heat index. what time is it? it's 10:00. we are at 105 already in louisville. areas of memphis, nashville and st. louis are right behind. the worst has been centered over the ohio river valley and southern indiana. later today, this is my forecast heat index. this is how hot i'm predicting it's going to get. the worst is up here with the dew points at the highest. we are thinking 110 in louisville, 110 in nashville. i've got my money on 115 in memphis as the hottest heat index in the country. it goes from oklahoma city to the east coast. this is one of the first humid days we had from new york to deep, deep baltimore, raleigh. you go down the coast with no exceptions. this is historic in oklahoma city. we now had 13 da
" will be bittersweet will be sure, a big celebration marked by big questions of what's ahead. >> bob, thanks. also with us is charles bolden, nasa administrator. >> good to be with you. >> there's a lot of criticism, including john glenn, by ending the program the way it's being ended without a backup plan this is ignoring a cardinal rule at nasa, saying there should be something else ready to go. how do you respond? >> we spent seven years with a well organized transition plan for phasing out shuttle and moving on to the next era. we're excited about what president obama is allowing us to do, working hard with the commercial entities, we hope to fly our first commercial crew, cargo missions early next year, they will be american made rockets flying cargo to the international space station and starting to work with commercial entities, hope to release a request for proposal on commercial contracts to take crew to orbit, maybe three years after we let the contract, we'll have a capability. >> many do see this and a number of astronauts have spoken over the last few weeks have said it seems like u.s
's here to dish on the debt and deal in taxes. and big money, big problems? mitt romney's campaign is debt free, but where is all that money coming from? we'll tell you why it could add up to a little bit of trouble for the republican front-runner. good morning, it's monday, july 18th, 2011. i'm chuck todd. just 15 days until default day. let's get right to my first reads of the morning. it's a week of public spectacle and private wrangling. efforts to get a big debt deal done has failed. >> when you look in the past at agreements between divided government, it's taken leadership on both sides. it took reagan and o'neil. it took clinton and gingrich. the president is out there. he's willing to do it. he said it in the state of the union, he said it in the budget. the question is, do we have a partner to work with? and i hope the answer to that is yes. >> this week we'll see a two-track process. publicly, leaders will get a few votes out of the way to allow conservatives to get on the record on a balanced budget amendment and set the table that nothing besides the final deal can pass. meanw
, no. now's the time to go big. get thing done for good. here he was, the president just this morning. >> i will not sign a 30 day or a 60 day or a 90-day extension. that's not an septemberabaccept approach. if it's hard now, how are the guys going to be thinking six months from now in the middle of an election season when they're all up. it's not going to get easier, it's going to get harder. we might as well do it now. pull off the band aid, eat our peas. now's the time to do it. if not now, when? >> brianna at the white house. bring us up to date. are the high stakes talks happening right this very second? >> as we understand it, brooke, these meetings continue here at the white house. president obama with top democrats and republicans in congress. you heard the tone that the president was striking there, like a parent trying to get two kids to share. he's been saying he's bending over backwards, giving up a lot and republicans are not. of course, that is his side of the story. if you were to think of him, he has a favorite child in all of this, right? the democrats. that's his par
house correspondent, and from cnn money. go big or go home. what is the republican push back? >> reporter: we're going to be finding out very shortly because house speaker john boehner will take to the cameras at 1:30 eastern essentially in the rebuttal to the news conference from the president earlier today. but the push back for republicans has been tax increases. you have republicans who have insisted on no tax increases, and democrats that insisted if there will be spending cuts, to achieve trillions of dollars in deficit savings. they don't want to abandon -- if there are going to be cuts to programs that are huge, they want to be able to say we pushed for sacrifices from wealthy americans and corporations. they are trying to strike kind of a just right agreement. because on one hand, you have a lot of republicans, and many of them who were swept into power in the last election saying we're going to cut spending and make government smaller, so the idea of tax increases, and certainly this is something a lot of them literally pledged they will not do, randi, it would forc
people. we are not showing this to you for the sake of it. who do you know who making a big difference in your community? you can nominate these heroes and they end up winning. >> making a huge difference in their communities. a good thing to see. we want to wish everybody a wonderful fourth of july weekend. hope you're safe, healthy, happy and you have a little bit of fun. >> you're off? >> i'm off watching the fireworks. >> christine and i will be here on monday. have a fantastic weekend. kyra phillips takes it over now with the "cnn newsroom." >> how about a lot of fun? come on! >> some people have to work so i felt bad! >> happy fourth of july, guys. we all will be celebrating. it's 9:00 a.m. on the east coast and 6:00 a.m. on the west coast. thank you for joining us. >>> witnesses taking the stand in the casey anthony murder trial. the judge says the case could go to the jury this weekend. >>> los alamos national lab closed fifth day as high winds make problems for fire crews. 94,000 acres have burned. lab officials say toxic materials are saving. >>> royal couple wakes
of different ways. by the way, this is no big secret, it's not like i'm telling you something other people can't figure out very easily. but if you have one phone call another phone it creates a busy line. if you use a third phone to call in, it goes directly to the voice mail and if you don't have a pin, it's very easy to get somebody's voice mail. >> we talked about at&t. how vulnerable are they to getting hacked and do we need to make pin numbers mandatory in order to keep all of our phones safe? >> i think that's something to think about. right now the onus is on the consumer, it's on us to be proactive with our mobile devices to put that pin on there. you think of your smartphone these days. it's really like a small laptop. in my face it's almost as big as a laptop. but you store so much personal information on there that really the companies should be doing more for users, i would say, because they're such an extension of ourselves. because there's such critical information on there. you know, i don't want to single out at&t too much because all of the wireless carriers are aware that th
to tucker good morning. >> good morning steve that is big news. i don't know what to make of it. >> do i need to console you. >> i am not sure clouds on the increase, storms to the south and west, partly to mostly cloudy day, temperatures expected to be in the 90s. a shower or two later this afternoon. cloud cover off to the north partly sunny morning here in the immediate washington area. notice pittsburgh, portions of ohio, shower and thunderstorm activity, possible some of that could slip in during the course to have day with the cloud cover temperatures will be held back a little bit yesterday we were thinking mid-90s now we are thinking low to mid-90s temperatures a few degrees cooler, regan national, 79 degrees, 79, 66 frederick, 63 winchester, 71 at the naval air station your forecast today more clouds and sun showers this afternoon generally speaking a dry day with a high temperature of 91 degrees still looking at a lot of heat around here on friday, on time traffic and julie. >> travelling along new york avenue at montana we had problem with the signal lights lanes are open once
proceeding all through making headlines for wrong reasons but making big headlines nonetheless. >> we are following awe tlel' more on the nfl next week. mark, thanks. >>> the numbers are out. not the poll numbers and not the dow industrial. we are talking about the big number of bucks your presidential candidates are raising to win the white house. jim acosta, who has got the biggest bank? >> reporter: sometimes he's are the numbers that count, kyra, this morning. it looks like at this point, the person who has got the biggest bank right now is mitt romney. we haven't gotten any official totals in right now. yesterday his campaign did confirm that he is expected to bring in between $15 million and $20 million in the first quarter of fund-raising this year. not as much as he raised for the 2008 campaign but, still, way ahead of the rest of the pack. jon huntsman, we can mention, he also has a pretty big fund-raising hall for a guy that not a lot of people know about. $4 million. we should mention half of that, though, is money he kicked in himself. he is part of a very wealthy family t
with the big debt talk. congressional leadering returning to the table this morning, after the grand bargain broke down last saturday and a tense 75-minute meeting last night failed to move negotiations forward. at 11:00 this morning, the president will hold a news conference to press publicly for his big deal. yesterday, his top economic adviser said the u.s. is out of options. >> we make 80 million checks a month to americans, 55 million people on social security benefits, millions more americans on veterans benefits, medicare, medicaid. people who supply our troops in combat. on august 2nd, we're left with cash on hand and the cash we take in. there is no credible way to give congress more time. there's no constitutional option, there's no delay option, there's no creative financial option. they have to act by the 2nd. >> no constitutional option, 14th amendment, off the table. here's what we know, debt talks appear to be at an impasse and here's why. the president is still pushing a big deal. democrats say the fallback plan, this $2 trillion plus package that was partially negotiated in
to remain. a big ridge of high pressure in control there and the drought will continue to worsen. it's not just the heat, it's also the storms. usually the big area of high pressure like you see on the map, you get storms to the north and east side of it. we'll see severe weather in the northeast and the coast guard still looking for two missing boaters out of chicago. they had gusts over 60 miles an hour in a storm and they overturned some of the boats in the water. back to you. >> heat still dangerous across the country in many places. >>> casey anthony has been a free woman for almost 35 hours, but where did she go and who is helping her as she transitions back into society? kerry sanders has the latest details shortly on that. >>> treasury secretary tim geithner speaking this morning that this morning specific items regarding the debt deal. one of the options that senators harry reid and mitch mcconnell or working on raising the debt ceiling in exchange for $1.5 trillion in cuts over ten years. this would also create a new congressional panel that would study ways to reduce the d
's gun and fragments hit his hip. it was a big gun, it could have wiped us all out. >> you don't feel safe any more. >> reporter: he was not linked to the original call for help. he saw this as a opportunity to strike. >> he had some large hatred towards the police officers. what we know is that he was incredibly mad at the police department. >> reporter: his exgirlfriend says he's in the u.s. army, stationed in kansas and he recently returned to baltimore. the police tracked him down thursday. they found pieces of the rifle in his car and house. >> reporter: he's awaiting a bail review. >> the officer is home from being treated at shock trauma. >>> your next trip from expedia and more sites could cost more. you could be taxed on the full price of the hotel room, instead of the half price you pay. >>> the industry is going to pay on the cut, cap and balance deal. it's not expected to pass. don't forget, the president is going to be at the university of college park for a town hall meeting. vic carter will be there, too. >>> a game changing day at the pentagon. they'll talk about the r
enough to get a compromise and to get it through both houses. that remains a big question this afternoon, and -- and it doesn't seem like we've got a clear answer on really where that goes yet. >> all right. let's get out of the beltway for a second here, kate, because we've got a poll today showing 62% of americans now favor raising the debt ceiling one way or another, either with or without debt reduction. got a block of senate republicans accepting higher revenues, ie taxes, as part of tax reduction. are these holdout house republicans becoming more isolated, and are they begin to feel the heat to compromise here? >> reporter: it's hard to say. we've talked to some very conservative republicans about that, and they stand very firmly in their belief that they do not think this a tax increase should be part of any debt deal because they don't think that it's good for the economy, and they say many of them were elected in 2010 really basically on this point, that they need to get the country's fiscal house in order and not continue spending, spending, spending, that they should be reduci
economic soundness to this country. that take as big deal. a lot of pain. democrats are upset the president talked about pain on their side of the ail and republicans are saying no way will we give tax relief to middle income americans. they want to continue tax relief to the wealthy. everyone agrees a number around $4 trillion will make a serious debt on our deficit. it will send a statement to the world that the u.s. has gotten ahold of their fiscal problems and they are moving forward. it will give confidence to the american people that we can move forward to bring economic soundness. that's the president's commitment. >> 6:00 on the east coast. welcome to "morning joe." look at that nice live look at times square. joe is looking spify today. he went shopping. it is monday, july 11th. >> i don't know what that means. >> we have msnbc -- well, yes. this is unusual. we have msnbc contributor mike barnicle, john heilemann. what's so funny? >> yeah, what's so funny? i don't get it. he's back. >> we can't get him to leave. we have "morning joe" economic analyst steve rattner and in washington
seal a budget deal? it doesn't sound like. they did have a big win tuesday with cut, cap and balance. still no debt deal on the table. the clock seems to be ticking very fast. our next guest is pointing the finger at president obama, calling the president clever and slick. what does he mean? we asked karl rove. nice to see you. >> great to see you. >> greta: in add's "wall street journal", you described the president's press conference a week ago you said it was a b -- buff foe performance. i telecommunication a tough of sarcasm, tell me what you mean? >> i mean ironic. it is not sarcastic, i'm being ironic. the president gave an outstanding theatrical performance. he started off by blaming others. we expected them to blame bush. he also blamed the democratic congress. saying they had runaway with the credit card. they were just doing what he was telling them to do. he insisted that others solve the problem. he said within 24 to 46 hours i demand congress give me a plan. he said the worst alternative to come out of this would be if we raise the debt ceiling without taking any steps t
>>> big casino. let's play "hardball." >>> good evening. i'm chris matthews in washington. leading off tonight, shooting the moon. president obama met today with congressional leaders to deal with the debt and he may have calmed the republican' bluff. the president is pushing a plan much bigger than before with $4 trillion. that's trillion with a t, spending cuts. major changes to medicare and to social security could be on the table as well. provided republicans agree to an increase in tax revenues. we may be watching president obama outmaneuvering his republican opponents, positioning himself as an even bigger deficit hawk than those on the right. it's a bold move, but will it work? >>> and what happens if no deal on the debt creeling is reached? is president obama's last best option to invoke the 14th amendment, to bypass congress and borrow beyond the debt limit? conservatives are usually quick to defend the constitution, but congressman tim scott of south carolina says that move might be worthy of, believe it or not, impeachment. >>> how's this for a fight? fox is going after
good. why do the people that rail against big government pay so little for it. rick perry is getting in this thing, but how is the country going to react to a 10 gallon sized george w bush. what about the brains it takes to be the number one world leader? you have heard this thing the other way, could this guy be all cattle and no hat. hi, i'm chris matthews. welcome to the show. with us today, howard fineman, nia-malika henderson, andrea mitchell and michael duffy. first off today, the switch boards led up this work with protests over grid look. at the polls. the most motivated republican voters are not fallen to house republican tactics. 73% of voters blame president obama, not the house republicans. and republicans think that debt cash will help them defeat the president. here is how they'll play the president's failure to win the grand bargain on the day. they'll claim the president showed weak leadership, that he was not the post-partisan compromiser, he that is still a big spender and probably most crucial, they'll tie this crisis to the jobs crisis. howard, right now there is
in my book, they are too big, too corrupt, too destructive, too powerful. here in the u.s., there are basically five media companies that own almost all media. and in the uk, it's no different. rupert murdoch and his company simply had too much power. that's why we're seeing high ranking people, even prime ministers, even the head of scotland yard, tied up with this. they had so much power, they had to be kowtowed too. >> lisa bloom, we appreciate that. thank you very much. >> thank you. >>> this scandal is reaching deep now into rupert murdoch's inner circle, and you can be sure that the man at the top is feeling the pressure. murdoch has ads running in seven british papers through monday saying, quote, we are sorry for the phone hacking scandal at the "news of the world." the popular tabloid he just shut down. and here's what he said in his own words. the scandal is widening to another murdoch paper, "the sunday times," and now even the fbi is opening an investigation. the allegations, hacking the personal phones of public figures, and the not so public, from murder vi
trillion over the next ten years or a big budget deal, $4 trillion with tax increases also over the next ten years. do these scenarios fill out a possibility or are they off the table. >> i think it's still going to ultimately be one of those three buckets. there's the first model which is basically politicians come together, can't hash out a deal and put in budget profits reform with targets where they'll come up with savings later or some kind of spending tax, promising to cut spending but they don't still in the policy. that's probably too close to what we've seen in the past or politicians say they'll do something but they'll get specific about how. the other two deals are more specific policy changes that will be included with the debt ceiling increase, either a smaller deal in the neighborhood how far 1 to $2 trillion dollars and stays away from the hard issues, no taxes, no social security or healthcare or the big deal we've been calling it to fix the deficit in this situation. that's what president obama and leader boehner have talked about. that's the group of senators the gage
>>> good morning. a big stink in one bay area neighborhood. what is causing that awful smell. >>> and overnight explosion and fire in one of the bay area's most affluent areas. some critical questions still need to be answered. >>> a crackdown on cutting classes. a controversial decision in concord, just hours ago. >>> election the bug that could ruin the summer for many bay area campers. "mornings on 2" starts now. >>> well, good morning. welcome to "mornings on 2." i'm dave clark. >> i'm tori campbell. it's wednesday, july 13th. >>> well, overnight, right now, the cause of an early-morning fire in atherton is under investigation. now, this fire started at a home on mount vernon lane at about 3:00 a.m. at this at this house. part of the house is currently under construction. we were able to find out everybody inside got out safely. >>> san francisco police are investigating two similar overnight robberies that happened within blocks of each other. the first one was on stockton and sutter streets at 1:00 a.m. the second one happened just a couple of blocks down ton sutter, 45
guys to protect the fat guys and corporate jets and big super rich. you're expendable now, crack thinkers. don't you understand? they play you against the poor and you're skpentable now. let those guys handle it. they got to protect the big guys. >> now know, that is coming from john mccain whose campaign might be compared to custard, except custer's came out better than mccain's did. in 2012 a conservative will be elected so i think that will speak for itself. his his brand was she lacks in 2007 within 2008. mine won the house of representative by record numbers in 2010. >> yeah, but now your brand of conservative is told, get your butts in line. don't get too big for yourself. because you've done your job. you're saving the corporate jet guys. you're closing in making sure to protect the loops holes. now just shut up and let us handle it, we've got movies it watch. thank you judson phillips. thank you for being here with me. >> thank you for having me. >> hosts of the bill press show on sirius radio, gentlemen, it is quite interesting, looks like mr. boehner is trying to get a
the washington post, and one from what we played on msnbc earlier on jansing & company. >> well, it is a big deal as it was originally recordednd mr. hoyer in the whip meeting this morning mentioned it, so if mr. norquist was taking a position that is reasonable that expiring tax cuts under existing law were not tax increases that creates a lot of breathing room for us and head room. >> a lot. >> but my understanding is that he has gone back on that, and so revenues have to be part of it, and, you know, when i talk candidly to many of the republican colleagues, they understand that. and they are worried about the revenues and not getting the cuts, and there is anxiety on the net level of negotiation, but most folks understand that when we are spending 22% of the gdp and collecting revenues lower than the eisenhower era at 15%, that doesn't work. >> congressman, under the gun today? if not today, a deal by friday? what do you think? >> well, honestly, i don't know, but what i do know is that we have to have a deal and we cannot allow america to default. if you are eric cantor and want to have more
: prince william outmatches his bride on their first official overseas trip since the big we hadding in april. this after the two teamed one local athletes in a friendly boat race just off prince edward island in canada. his royal highness was in the center of his team's boat rowing. the duchess of cambridge sat in the back it steer her team's vessel. william's team won but the prince consoled kate with a hug. the couple watched a band perform earlier in the day. prince william landed his military helicopter there. he pulled it off without a hitch. the water landing was his first attempt. as kate greeted fans in quebec city, one fan wished her well in starting a family. kate has not spoken publicly about having children but she was overheard saying yes, i hope to. >> there is plenty ahead. fox 5 morning news starts right now. it was just a little while ago that there was a big celebration in d.c. skies were lit up with the spectacular fireworks display. good morning. i'm wisdom martin. welcome to fox 5 morning news. time now to check in with tucker barnes. great call on the forecast
, i think first of all the president realizes we have to get a big deal. as we discussed a couple of weeks ago or last week, charlie, if you don't send the appropriate signal to international financial communities, you can raise the debt ceiling but the interest costs are going to go through the roof. so it has to be a big deal and so i think he recognizes that. and i think speaker boehner subpoena looking at the reality of what's going to happen in 2013 without agreeing to what the president said. we're going to have 4.9% increases on taxes on everybody earning er $200,000 a year anyway just from the affordabl care act. so you'll see significant increase in taxes withoutany increased taxes put on the table. i think they can do a deal and i think a deal can get done if, in fact, we do take away a lot of the tax eendires and lower the rates so thatwe get an economic boom that would come a that. so i think it's still possible. i think things tend to happen in washington when they have to so my slope that something will come togher and occur. >> rose: how long do you think it will ta
here you can see the sinkhole is pretty big, about 30 feet across and you can actually put your hand underneath the median there and it will come out on the other side. it is -- it has forced crews to shut down one lane of highway 87 southbound in the alma avenue on-ramp. caltrans discovered the problem tuesday, they came out, they poured some gravel and then last night they compressed that gravel and found that it sunk about a foot below the earth's surface and you can see where that concrete is exposed, all the cracks there. so they shut down some lanes on the freeway at 9:00 last night. we are close to west virginia street just to give you an idea of where we are on 87, and again one southbound lane is closed as is the alma avenue off-ramp. but the on-ramp from 280 is open and crews are expected to be out here all morning repairing the sinkhole so you definitely want to avoid this area. we would suggest using south alma avenue to -- expressway to 87 or also take monterey road as well and cut across to west capitol expressway to 87th. live in san jose, i'm tara moriarty, ktvu chann
fitsity still. there's no legislative language. it looks like what could be a pretty big tax increase. the spending cuts i think are highly uncertain. it instructs the various committees of the senate and the house to come up with these spending cuts. we have no assurance that they will do that. we have no idea how they'll do that. then we asked the senate to vote on that. all of which suggests to me there are a number of ways in which this could fall apart. i give these guys all the credit in the world for really struggling and trying to make some progress on a tough issue. there's no assurance that it results in an outcome. if we can't agree on spending cuts now, why should we suppose at the end of this process which after all has been available to us for two years the senate won't even pass a budget, why we think that this will result in real spending cuts is not clear to me. >> the other dynamic here is the mcconnell-reid proposal. that is going to get to the floor at some point. now the idea of being that the gang of six proposal is too late to be scored by cbo to really be put i
much progress towards getting a deal done. so we'll have to see if anything big came out of this meeting. what we can tell you is the backdrop is dwindling hope for getting a big deal done. as you said, president obama was pushing for a big deal, especially at the end of last week. somewhere in the neighborhood of $4 trillion in deficit reductions over the next ten year. it looked like at the end of last week, at least, speaker boehner was trying to get on that same page. it would have involved coming to the table over entitlement reforms, ib vochled republicans coming to the table over rolling back tax credits for wealthy americans and big corporation, but then over the weekend, speaker bain boehner wouldn't be able to support a big deal. they are discussing as you said a deal half the size. somewhere in the neighborhood of $2 trillion to $3 trillion in cuts. we expect eric cantor to have come to this meeting with their proposal. we expect that's what they were discussing during this meeting. we'll let you know exactly what happened once we find out. the president earlie
'm a big netflix user, by the way. i get the discs sent to my house. they're going global in a big way. they've come a long way from the days they mail out the dvds. >> even though they're not in hong kong. but they're making a big move to latin america. they will expand to 43 companies in south america. they made the first international move to canada. late last year you can see it clearly wants to be a global company, but it's going to be pricey. the company said it would lose up to $70 million in the second half of this year from overseas operation. but investors in the states are cheering the move. the news sent netflix shares soaring 8% on tuesday. ali? >> kristie, how do you do it? are you further ahead in congress how long? is there similar service? >> itunes. it's all about itunes. >> very good. stick around for this story. quite frankly, i don't want to be alone in this piece of knowledge. some farmers in the uk were looking for extra ways to save money. the answer was on the farm in big piles. they're turning livestock waste into energy. the pigs were wallowing in gold. the t
're completed, this construction project has been put on hold. on the 100 block of freemont, a big gig has been halted. earlier today, crews were working on relocating underground utilities for the transit center. but at 12:30 this afternoon, a subconsultant for the company m squared hit a high voltage wire, the sparks causing third degree burns to his hands and face. >> they were trying to clear some facilities out. >> pg & e says because construction on the terminal is a multi-year multi-phased project, it won't shut off power to the line because it will impact too many customers. >> it hurts, it just hurts. >> reporter: these veterans of the construction business walked by the site to find out what happened and were devastated to hear one of their own had been injured. >> i'm a pile driver and as a pile driver, you know, you don't know what's under ground and it's always a risk. >> reporter: pg & e says the subcontractor have detailed maps of what lies under ground and that everything is marked in paint prior to a dig. >> a job of this size and of this magnitude, really there's a lot of movi
the votes to pass the harry reid plan in the united states senate. now this is not that big a surprise. in fact, we always knew he was going to have problems passing the bill. however, the wrinkle comes when the senate republican leader mitch mcconnell puts out a letter just a little while ago essentially telling the world that he had 43 republicans assigned on opposing senator reid's bill. you see it, part of the text, given the nation's enormous future spending challenges, it will be irresponsible to gift president this unprecedented additional borrowing authority without requiring the enactment of significant spending reductions and reforms. so 43 republicans say they will not vote for the bill as it is written. and mccain -- i'm sorry, mcconnell is pressing this point by saying he would like to see a vote now on the senate floor. but republicans would like a little time to work on the language and perhaps scare up some more support. let's listen to what mcconnell said a little while ago on the senate floor. >> so we have the astonishing development here that my good friend, the maj
from a year ago. jpmorgan chase will be the first of the big banks to report on thursday. results from top tech player google are also expected thursday. also this week, investors will eye fresh economic data, starting with may's trade deficit on tuesday. also tuesday, minutes from the federal reserve's june meeting. wednesday, fed chairman ben bernanke delivers his biannual testimony to congress. >>> retail sales and june's producer price index comes out thursday. and june's consumer price index is released friday. >>> elsewhere, precision cast parts says it has agreed to buy primus international for $900 million in cash. >>> reuters reports there's an emergency meeting in europe this morning over the debt crisis. they're now possibly spreading to italy. the region's third largest economy. friday italian stocks and bonds tumbled in a massive sell-off. >>> and finally, according to a new survey of college students and graduates, health insurance is the new love potion. 90% of surveyed students, and 93% of recent grads said knowing a potential partner has health insurance would make him
to ask big oil companies and people making over million dollar to do their fair share by increasing revenues. >> have a good fourth of july weekend and we'll see you -- >> big mets and yankees series in new york tonight. i'll be watching. >> i'm always rooting for the national league. always got to stick to it the big guys. thanks. >> thank you. >>> all right. joining me now major garrett chief congressional correspondent for the national journal. doesn't want to kick the can down the road. sounded like a guy -- all right, if that's the deal that's cut and there's a temporary deal and it sometimes right now that's what smells like what's coming. >> he would have said i will vote against that. he didn't say that. >> that's what it's important. >> he didn't say i will vote against it. that's important. it's going to have to be up to the house republican leadership to bring that to the floor to agree to a short-term resolution of this absent a huge deal. eric cantor told me this week -- >> a great column about eric cantor. if we look at it in five pots here, the white house, senate rep
company is too big to know the details of each business. there can be more tough questions ahead. the british prime minister david cameron has called a judiciary inquiry. they could be summoned for that. and some u.s. lawmakers want their own hearing on capitol hill. stephanie gosk, nbc news, london. >>> lawmakers finally appear to be making bipartisan progress in those ongoing divide over what to do about the debt limit. for the latest, we go to tracie potts in washington for us. good morning. >> reporter: lynn, good morning. just a glimmer of hope this morning from the so-called gang of six. three democrats and republicans who have been working together on a compromise. the plan on the table would cut $4 trillion from the deficit, lower taxes, but also bring in a trillion dollars in new revenues by closing tax loopholes. both sides seem to like it at least as a first step. president obama calling this a very significant step in line with what he's been working on at the white house. republicans saying it has good elements. they want to take a very close look at this. that after
on this straight ahead. but first, did you hear the other big news? senator coburn is back. he just reuped with the gang of six. he ditched them in may. now he's back. hours ago the gang announced a new debt plan. here's the hitch, yesterday senator coburn unveiled his own plan and then there's senate minority leader mcconnell's plan. which one of these plans is a sure fix? we asked senator coburn. yesterday the headlines why you had -- were you had a nine trillion plan. today you rejoined the gang of six. if you -- can you tell me the difference between the two plans? >> 5.3 trillion. >> greta: i knew i was in trouble. >> one fixes our complete problem. one gets us out of truck as a country the other moves news the -- out of trouble as a country. the other moves us in the direction. if you want us to borrow at the best rates of anybody in the world and put our economy back where it needs to be, with vibrant job creating economy. then you would do this nine trillion dollars. that gets us out of the risk of default. gets it back growing. solves the problems. takes await shackles we've put o
at losses, big concerns over the solver debt crisis. report in a german newspaper is speculating that england may have to be included the bailout. so the european debt crisis is extending beyond grease, portugal and ireland and potentially italy. this is where we're looking at the european stock markets. off by more than 1% with the paris cac. reasons do with the greek debt crisis. a move away from the partial default. london ftse where banks are affected but not quite so badly as in germany and france up by about quarter of a percent and the losses are 2/3 of a percent for the seger smi. we'll have more of that coming up. >>> in terms of the currency markets, here we are, the main story here is that the euro remains under severe pressure, and i think that currency traders are talking in terms of the picture we've seen in recent weeks on the dollar coming to an end and that the dollar will remain in these kind of circumstances the safe haven currency. so looking at 1.5967. again, the pound under a lot of pressure. the euro, 1.4153 and 80.72. remarket stability for the yen dlafrmt
to meet the woman she saved. >> i probably give her a big hug and just say that i'm sorry that it took so long. i'm glad that her and her kids are okay. >> the officer has gotten a call from jaycee dugard's mother says not a day goes by that they don't thank them for what they did. >> some of the neighbors watched the interview with mixed emotions last night. they say they are horrified to hear what went on for so long but they are amazed at her strength and her recovery she is making from her ordeal. >> she has given strength to people in that similar situation and strived to make the best. >> she is very, very brave. >> they pleaded guilty to kidnapping and sex charges last month. she was sentenced to life in prison and nancy is serving 36 years to life. >>> now to the latest on seven missing northern california men in the gulf of california. within hours divers could start searching for them. a navy deep water team from hawaii is due to explore the wreckage of the erik that flu now on the sea floor. they will be looking to see if any of the missing men are still on the boat. meanwhile,
again. mike? >> reporter: well, the big story now is power outages. there are more than 11,000 people without power. a big chunk are in baltimore city. 5400 also, in the pikesville area. it's not a day you want to be without air-conditioning. >> reporter: another day of heat and frustration. particularly among gbe customers in the peak rewards program. she's in a it degree home with her 5 month old niece and her dog. >> it's not coming on. i'm getting all [ indiscernible ] feel how hots the. you can feel the heat. how you doing? air-conditioning working? >> no, it's burning up. >> reporter: volunteers made sure people were okay in the record breaking heat wave. first of all, they have the fans and whatever. >> reporter: today was cooler than yesterday, the power systems were stressed. thousands were without power. >> when you add to it, more and more power running through the lines and you factor in the external temperatures. a lot of power lines are aboveground. >> it keeps me cool. >> reporter: there have been 20 deaths nationwide since the heat wave began. >> reporter: city pools h
to an aquarium. >>> finally in north carolina minor league right fielder made a big-time play tuesday. he stole a show robbing one player of a run by making a miraculous catch just by taking a nasty tumble over the wall. oh, that didn't hurt. the player didn't suffer any injuries on the play, however. >>> now for a look at the national weather we turn to nbc's meteorologist bill karins. i don't know. it looks like it hit. >> a wall that's three feet high. it's only baseball. good morning to you, veronica. good morning to everyone else. as far as what we're dealing with out there, we're going to continue to watch the heat. there's a big story in texas where once again it was in the 100s. we had downpours in the mid-atlantic and in the northern area. it is high. these are the temperatures to start your morning. le dlarks 82 when you walk out the door. and you'll want the ac instantly if you're traveling in the big cities from boston all the way down to d.c. it was very sticky overnight. temperatures are in the 70s. florida in the 80s. wet weather wise, the only travel trouble this morning for rai
of winning back the house, they don't want to go there. republicans have a big flank of new members elected on a pledge of no new taxes. nobody is dealing with reality. anybody on this panel, two of us could make a deal, but they cannot. >> why can they not make a deal, charles? >> you saw it in the clipou showed. nancy pelosi is the classic definition of a reaction. liberal. no changes in programs, entitlements. -- classic definition of a reactionary at liberal. no genocide programs, entitlements. if you all make -- note changes in programs, entitlements. if you don't make changes, he will wreck the economy, and everybody over the age of nine knows that. is that they are not willing to means test -- if they are not willing to means test entitlements, which you think and liberal alike, who always argue in terms of sharing the sacrifice and the rich bearing the burden, nothing will happen. >> colby? >> you just had exhibit number one of why they have not been able to reach a deal, as my friend charles expressed. if you start out with nancy pelosi and the position of republicans on tax increa
't know. >> reporter: at one point murdoch claimed his company is too big for him to know the details of each business. there could be more tough questions ahead for rupert and james murdoch. the british prime minister has called a judiciary inquiry, and they could be summoned for that, and there are some u.s. lawmakers who want their own hearing so they can question the media mogul himself on capitol hill. stephanie gosk, nbc news, london. >>> to washington now where lawmakers finally appear to be making some bipartisan process -- progress in the ongoing divide over what to do about the nation's debt limit. for the latest on that we go to nbc's tracie potts. she's in washington d.c. for us. >> reporter: just a glimmer of so-called gang of six, three democrats and republicans, who have been working together on a compromise. the plan on the table would cut $4 trillion from the deficit, lower taxes, but also bring in $1 trillion in new revenues by closing tax loopholes. both sides seem to like it at least as a first step. president obama calling this a very significant step in line with
morris. >>> the other big story today, the casey anthony murder trial. after more than a month of testimony, the defense has delivered its closing arguments. today, the prosecution gives its rebuttal and jurors are expected to begin deliberations. jessica stone has the latest. >> reporter: good morning. the jury is set to make the decision about whether or not 25-year-old casey anthony is guilty of the murder of her #- year-old daughter that, coming after the -- her 2-year-old daughter, that coming after the prosecution gets a chance to rebut the defense team's closing arguments. prosecutors and defense attorneys went toe to toe on sunday. >> he died because her mother decided the life she wanted was more important. this murder was premeditated and the defendant is guilty. >> this prosecution would raise the level of desperation to make up for that you are lack of evidence. >> reporter: the state called casey anthony a liar who murdered her daughter caylee. maria heal says the prosecutor was methodical and succinct in his close arguments. >> he came right out of the box and tal
business with the united states that is making a very big profit. china is going to make $300 billion on us at least this year. and they just revised that recently, i don't know if you saw. they said those numbers are going to be low. so we have to take our country back. >> what do you think of this gang of six plan? do you think it's workable from what you've seen? >> from what i've seen, nobody really knows exactly what it represents and what it is yet. but at least they're in there pitches and trying to make the big deal. the big deal is really the deal they should make. i don't like the punt. i don't like the deal where we kick it down the road for six months. this is the time to make the deal. and i have to tell you, the republicans have the cards. people might not think that, but the republicans have all of the cards. and this is the time to get rid of obama care. this is the time to make the great deal. >> i've been following you on twitter and you've been aggressive about obama on the economy. you believe he can't stop spending and that america has to stop spending. one of his belie
:it's an empty lot with big plans, the proposed stadium in santa clara, it's supposed to break ground next year costing hundreds of millions of dollars and while the funding isn't secured, plans are being made for the land across the street. plans welcome as big as the man behind him. joe montana, he wants to build a complex including hotel, sports bar and restaurant. >> the proposal looks good and it's going to be up to the counsel to decide how we negotiate. >> reporter:he wasn't available to speak with us today, he was expected at the meeting on tuesday to ask that the city negotiate only with his group for the next year and a half. >> in the normal course of things, the city would put out a request for proposals with and entertain whatever comes back to us. >> reporter:now the counsel is considering swerving that norm. >> he's joe montana, pretty much. >> reporter:it's not a bad idea. >> joe montana can probably just by name bring jobs and revenue to the bay area. >> i think he certainly should have first shot. he's done a lot for the community. i think he has class and style and he'll brin
. not only the echo chamber but there's the comedy show, there's entertainment which has become a big part of that. chris: and that makes youtube. >> if anyone thinks you're being unfair to sarah palin. >> the only thing i would say is the echo chamber is so constant, so nonstop, if you can hang on for at least a couple of news cycles, there'll be some new storm. chris: but there's still a permanent record to be drawn on. >> but look what happened to sarah palin. if that had happened in 1975, it would have ended her career. in this era, it didn't. chris: we have to talk about barack obama. his approval as president took a 2009 nosedive in the summer of health care town halls. >> you want to be led out of here, you're welcome to go. now wait a minute. now wait a minute. now wait a minute. now wait a minute. wait a minute. >> do you all think you're persuading people when you shout out like that? i beg your pardon? you don't trust me? chris: you saw him trying to deal with it but every politician knows how dangerous those moments can be. >> it was out of control. all those clips showed a pol
and really just ready for a big, big concert. matt? >> i tell you, al, this represents this morning, the motorcade had to actually move these people out of the way. anyway, we'll get back to you in a couple of minutes. >>> meanwhile, there has been a major development in the ongoing budget negotiations. president obama suspended the talks for the today. we'll tell you why and we'll talk to one of the senators who has been inside the negotiating room all week long. >> that's right. and also casey anthony is going to be released this sunday. and -- from prison. authorities are becoming increasingly concerned for her safety and we're live at the jail this morning with details on that story. >>> remember the photo we showed you earlier this week of that massive 18-foot long crocodile, the saltwater croc? a lot of people thought this was a doctor'd photograph. you can believe it's real. we went in search of that beast and we found him. >>> let's begin with that breaking news over night in boston where two delta planes collided. nbc's tom costello covers aviation for us in washington. goo
. and carney saying that tomorrow is a big day and everybody has to either come to an assessment that we can do a significant deal and they were talking of course of the $4 trillion deal until the republicans pulled the plug on that last weekend, and they have to come in friday, and friday is shaping up to be something of a deadline, and meanwhile, tim geithner, the treasury secretary up on the hill behind closed doors talking about the senators of a doom and gloom scenario is nothing is done by august 2nd, and the united states has to begin to default as carney and other white house officials call it hypothetical and insists that the country will not default and some arrangement will be made, but it is not clear what the path of the arrangement may be before august 2nd, tamron. >> and what about the report that the president was mulling over a bipartisan meeting at camp david and there is a quote at nancy pelosi saying it is not a good idea many her opinion, because the rsvps have not been released as politico pointed out, but what is story here? >> well, everybody is backing away from somethi
leaders are digging in on the big sticking point of taxes ahead of tomorrow's white house summit. chuck todd is nbc's chief white house correspondent and host of "the daily rundown." chuck, we've heard a lot from republicans. today at the bloomberg breakfast it was said that any tax measures had to be revenue positive over the long run that could be ten years out. eventually have to contribute toward deficit reduction. that is not what republican senator john cornyn was saying exactly the opposite what he said on our show yesterday that it has to be revenue neutral. how does the president hope to bridge this devoid? >> reporter: well, you know, they have an interesting tactic here. they believe and frankly behind the scenes so do house republicans believe it will be easier to sell a larger deal that has some things in it that nobody's crazy about on certain sides. whether some trims to entitlements on the democratic side or some of these revenue proposals on the republican side that if it's a large deal, $2.5 trillion to $4 trillion and maybe even $6 trillion in the out years meaning th
. he came to do big things. >> it should be a very busy monday for the president. he is expected to hold a press conference in the morning and resumed negotiations with congressional leaders. >>> for instant updates log on to our website wjla.com. >>> fighter jets intercepted three planes this weekend for getting too close to camp david. the president was at the retreat when two of the incidents happened. kris van cleave is live with why the air space is so difficult to navigate. >> it is a short flight to camp david. take a look at this map. theyse gray areas off limits. up here is camp david. this circle, closed airspace. when the president is here, see how much bigger the area get? this is where the planes were this weekend. >> when you fly toward hagerstown, you have to be careful. >> before he took off for ocean city he was sure to double check the air space near camp david. >> mistakes happen, and there is a lot of restricted airspace and you have to stay on top of that. >> there have been mistakes this weekend. fighters were sent to escort three different planes of restric
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